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Integra LifeSciences (IART) Q3 Earnings Report Preview: What To Look For

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Medical device company Integra LifeSciences (NASDAQ: IART) will be announcing earnings results this Wednesday before market open. Here’s what to look for.

Integra LifeSciences met analysts’ revenue expectations last quarter, reporting revenues of $418.8 million, flat year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but full-year revenue guidance meeting analysts’ expectations.

Is Integra LifeSciences a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Integra LifeSciences’s revenue to grow 2.6% year on year, slowing from the 5.6% increase it recorded in the same quarter last year.

Integra LifeSciences Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Integra LifeSciences has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Integra LifeSciences’s peers in the healthcare equipment and supplies segment, only Neogen has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 6.5%. The stock was down 2.3% on the results.

Read our full analysis of Neogen’s earnings results here.

Investors in the healthcare equipment and supplies segment have had steady hands going into earnings, with share prices flat over the last month. Integra LifeSciences is down 13.8% during the same time and is heading into earnings with an average analyst price target of $18 (compared to the current share price of $13.44).

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